The Government will make Companies House safer to use following research that directors are \u201cdisproportionally\u201d targeted by identity thieves.<\/p>\n
A new study, carried out by fraud prevention organisation Cifas, found that company directors are twice as likely to be victims of identity fraud.<\/p>\n
Likewise, one in five victims of all recorded cases of identity fraud are company directors.<\/p>\n
The report indicates that company directors are \u201cdisproportionally\u201d affected by cyber criminals because of the publically available information listed on Companies House \u2013 such as a personal address.<\/p>\n
The new rules will protect stakeholders listed on the company register by removing the requirement to use a personal address and use a business address instead.<\/p>\n
Business Minister Andrew Griffiths said the changes will help to ensure people feel safe when setting up a new business by protecting directors from identity fraud.<\/p>\n
Business Minister Andrew Griffiths said: \u201cThrough our Industrial Strategy we have set our blueprint for ensuring we build on our reputation as one of the best places in the world to start and grow a business.<\/p>\n
\u201cThese new laws will protect new and existing business owners from potential harm and identity fraud, while ensuring we maintain our high standards of corporate transparency.\u201d<\/p>\n
Under the current rules, directors can only remove their personal address if they can prove that there is a serious risk of violence or intimidation as a result of the company\u2019s work.<\/p>\n
The new regulation will come into force by the end of summer 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"
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